75-Year-Old Tech Billionaire Bets on GenAI
A 75-year-old Indian-American tech entrepreneur betting $1 billion of his own fortune on AI’s future.
CNBC article by Rebecca A. Fannin
KEY POINTS
- Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology.
- “What AI will enable in the next five years, we were not able to do in the past 50 years,” the Palo Alto-based tech entrepreneur tells CNBC.
- Wadhwani, who started to build his enterprise AI software business early on in 2017, said the strategy is differentiation in vertical niches. “If only doing horizontal AI, that was already being done by Facebook and Google, and there was no chance of competing with the behemoths.”
